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Raya Electronics plans major expansion in 2023
Raya Holding’s Raya Electronics plans to expand into 10 new governorates next year, after inaugurating one of the biggest electronic…
Aman Microfinance in talks for EGP 1 bn facility
Raya Holding subsidiary Aman Microfinance is negotiating an EGP 1 bn credit facility with four banks, Raya IR head Ahmed…
More Ukrainian grain is on its way
Other things we’re keeping an eye on this morning: The Holding Company for Food Industries has reportedly acquired a 17%…
B Investments, Raya CX + Raya Holding report 2Q earnings
B Investments’ net income rose 74% in 2Q 2022, reaching EGP 38.15 mn, according to the company’s consolidated financial statement(pdf).…
Aman pushes IPO to 2023
Aman pushes EGX debut to next year: Raya Holding’s non-banking financial services outfit, Aman Holding, has reportedly become the latest…
Our first-ever future flow issuance could be just around the corner + Raya’s Aman eyes EGP 500-650 mn securitized issuance
CIRA could issue Egypt’s first future flow securitized bonds next month: The Financial Regulatory Authority (FRA) has approved a program…
From Cairo to Riyadh: ValU moves into Saudi in partnership with Alhokair family
valU enters Saudi Arabia: EFG Hermes’ buy-now-pay-later platform valU is set to enter Saudi Arabia by acquiring a stake in…
Raya finalizes Ostool sale
Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn,…
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